Western Financial Group Announces Additional Acquisitions in British Columbia and Alberta



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY UNITED STATES NEWS
    SERVICE OR OTHERWISE IN THE UNITED STATES/

    HIGH RIVER, AB, Aug. 7 /CNW/ - (TSX - WES) - Western Financial Group Inc.
("the Company") announced today that it has completed the acquisition of
Blonde & Blonde in Kelowna, BC; Baxter Agencies, formerly a Trans West
Insurance office in Lac La Biche, AB; and Nielsen & Wolfe Agencies in Morrin,
AB.
    "We are pleased to be able to add the growing Alberta communities of
Morrin and Lac La Biche to our network," said Scott Tannas, President and CEO
of Western Financial Group. "We are also very proud to welcome the expert
employees of Blonde & Blonde, who have established themselves as leaders in
commercial insurance. They strengthen our relationships with key markets and
bring commercial programs which will significantly add to our market presence
in Kelowna," he said.

    Western Financial Group is a leader in providing insurance, financial
services and banking services in over 80 communities, to more than
400,000 individuals and businesses in Western Canada through its WFG Agency
Network locations, its affiliated insurance brokers, Western Life Assurance
Company and Bank West.
    The Common Shares of Western Financial Group are traded on the Toronto
Stock Exchange under the symbol "WES".

    %SEDAR: 00007536E




For further information:

For further information: Arlene Beggs, Assistant to the President,
Western Financial Group, (403) 652-2663, info@westernfinancialgroup.net


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